Oil & Gas – Page 60 – Platformsafrica

Nigerian Officials, IOCs Shun PETAN’s OTC 2022 Event

May 5, 2022 ADEOLA YUSUF

The Petroleum Technology Association of Nigeria (PETAN) event at the annual Offshore Technology Conference (OTC) appears to be losing its glamour as the 2022 edition suffered low turnout of participants, especially top industry operators, policy moulders, government functionaries among others. The PETAN, an association of indigenous technical oilfield service companies providing specialized services to the upstream and downstream sectors of the Nigerian oil and gas industry, has been responsible for leading the Nigerian delegation to the prestigious event annually and is still offering tangible business opportunities for the supply chain.…

Nigeria Undermines OPEC Projections, Fails To Meet Quota In April

May 3, 2022 ADEOLA YUSUF

Nigeria, Libya and a handful of African countries again hobbled the projected oil production plan by the Organisation of Petroleum Exporting Countries (OPEC) in April, failing to meet the quota allocated to them by the oil producers’ group. Crude oil theft and lack of investment made Nigeria lose on the average between 350,000 to 400,000 barrels per day during the period under review according to the minister of state for Petroleum Resources, Timipre Sylva He said the country has, however, begun to ramp up its production level and very soon…

OPEC Offers $14.3m Funding For Nigeria-Morocco Gas Pipeline

May 1, 2022 ADEOLA YUSUF

The OPEC Fund for International Development (OPEC) will provide $14.3 million to finance the second phase of the studies in the submarine Nigeria-Morocco gas pipeline project. Platforms Africa reports according to a statement by the Moroccan Ministry of Finance on Friday that the agreement was signed by the Moroccan Finance and Economy Minister Nadia Fettah and the General Director of the OPEC Fund, Abdulhamid Alkhalifa. This gas pipeline project would, according to data compiled by Platforms Africa,cover 7,000 km long through 13 West African countries, and extend to Europe READ…

Oil Theft: Fact And Figures Of A National Emergency, By Adeola Yusuf

April 30, 2022April 30, 2022 ADEOLA YUSUF

Crude oil theft has grown into a huge monster threatening the Nigerian economy, the Niger Delta environment and its people. Energy policy analyst, Adeola Yusuf, in this analysis uses data and dates to show why it is imperative for all Nigerians to rise against the monster The Group Managing Director and Chief Executive Officer (GMD/CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, it was who first described the crude oil theft as a national emergency. Kyari placed his conviction on account of the proportion, dimension…

Caleb Varsity Best Graduands Get Atlantic Refinery CEO’s N15m Prize

April 27, 2022 ADEOLA YUSUF

Oil mogul begins building of IT Centre, Institute of African History & Archeology; pays fees of 22 new students Chief Executive Officer of Atlantic International Refinery and Petrochemical Limited, Dr. Akintoye Akindele, has fulfilled the promise he made at the 11th Convocation of Caleb University in February by presenting a cheque of five million Naira each, totaling fifteen million Naira to the Overall Best students in female, Best Male, and Best Post Graduate categories. READ ALSO: Strike: Buhari Has Stopped Our Salary, ASUU Members Cry Out 3 Nigerians Named In…

PIA Takes Effect in Upstream Oil Sector Regulation – Sylva, NNPC

April 25, 2022 ADEOLA YUSUF

“If we must continue to be relevant at the global stage, we must, in designing any regulation, put in focus how we can balance the energy base-load for Nigeria. The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act (PIA) in the upstream sector of the nation’s oil and gas industry. Minister of State for Petroleum Resources, Chief Timipre Sylva said at a 2-day upstream stakeholders’ forum organised by the Nigerian…

OPEC Condoles Imo Govt. over Illegal Refinery Explosion

April 25, 2022 ADEOLA YUSUF

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday commiserated with the government of Imo, following Friday’s explosion of an illegal refinery that reportedly killed over 100 people at Abaezi forest in Ohaji-Egbema Local Government Area of the state. Platforms Africa reports that OPEC made the commiseration in a letter signed by its Secretary General, Mr Mohammad Barkindo and addressed to the Imo Governor, Sen. Hope Uzodinma. READ ALSO: Oil price rises as OPEC projects steady demand growth JUST IN: Oil hits $89.32/bbl highest since 2014 as OPEC+ Eyes…

ExxonMobil Invests $37.4m, Marks 20 Years of Fighting Malaria in Nigeria

April 25, 2022 ADEOLA YUSUF

2022 recipients of Exxon Mobil grants focused on leveraging the power of sports to engage Nigerian youth ExxonMobil Foundation, in collaboration with ExxonMobil affiliate Companies in Nigeria, have announced renewed support for partner organizations committed to ending malaria in Nigeria. These grants, among other scheduled activities for World Malaria Day, mark the 20th anniversary of ExxonMobil’s support for programs to reduce the burden of malaria in Nigeria. For the past 20 years, ExxonMobil’s Malaria Initiative has provided more than $37.4 million (over N15 billion) in cash grants to partners…

Odunewu, Raimi, Ebi: Meet 3 New Directors on Seplat Energy Plc Board

April 24, 2022April 24, 2022 ADEOLA YUSUF

Their names, qualifications and experiences, here is the resumè of the three Directors newly appointed on the Board of Seplat Energy Plc The Board of Directors of Seplat Energy Plc today, Sunday, April 24, 2022, announces the appointment of Mrs. Bashirat Odunewu as an Independent Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive Director and Mr. Ernest Ebi as a Non-Executive Director. Platforms Africa reports that the three appointees will be joining the Seplat Board with effect from 18th May 2022. Mrs. Bashirat Odunewu (Independent…